Spillover Effects of Weak Smartphone Demand on the Electronic Components Industry
First written in FY2019-Q1. 3 of 6 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2020-Q3.
Nittoku moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 5 of 11 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2020-Q3MitigatedAnnual report
「Although production equipment for these electronic components has been strongly affected by US-China trade tensions, capital investment began to pick up in some areas during the third quarter.」
Although the impact of US-China trade friction on electronic components-related equipment remains significant, capital investment has resumed in some areas, indicating partial relief from the demand weakness through the previous fiscal year. The risk itself has already materialised. - FY2020-Q1RestatedAnnual report
「In the information and communications sector, equipment related to smartphones is also trending downward because of factors including US-China trade friction. However, orders for information equipment and wireless communications have continued intermittently, and individual orders, which had fallen sharply in the previous fourth quarter, recovered to 70% of the level in the previous third quarter.」
While equipment related to smartphones continued to trend downward, orders were received in information equipment and wireless communications, and individual orders recovered to 70% of the level in the previous third quarter. - FY2019MaterialisedAnnual report
「Having determined that equipment for smartphones had passed its peak in the second half of the previous fiscal year, the company is gradually shifting management resources to automotive motors and automotive electronic components.」
The peak in demand for smartphone-related equipment has been reflected in business decisions, and the company has taken steps to shift management resources to automobiles and automotive electronic components. - FY2019-Q3MaterialisedAnnual report
「As smartphone technological innovation enters a mature phase, demand for related equipment is trending downward.」
Weak demand related to smartphones has moved beyond the observation stage and continues to appear in the business environment as a slowdown in equipment demand accompanying the maturation of technological innovation. - FY2019-Q2MaterialisedAnnual report
「Capital investment in equipment for small electronic components and modules declined as the evolution of smartphone functionality levelled off, although」
The impact of weak smartphone demand has moved beyond the previous observation stage and has emerged in the actual business environment as a decline in capital investment in equipment for small electronic components and modules. - FY2019-Q1First statedAnnual report
「There has been speculation in recent months that the decline in smartphone demand is damaging the electronic components industry, but demand for precision coils is believed to be expanding rapidly in the automotive industry.」
The company identified speculation that weaker smartphone demand is affecting the electronic components industry as a new external risk. It also noted the expansion of demand for precision coils for automotive applications.